Elevate48
Call Martin

Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$67,630$67,630$328,500
Remaining term (yrs)15.515.530.0
Secondary amount$0$260,870$0
Funding fee$0$0$0
Note rate3.92%3.92%7.18%
Blended rate4.77%7.136%7.42%
1st payment$483.87$483.87$2,225.37
2nd payment$0.00$1,684.79$0.00
Taxes / mo$60.75$60.75$60.75
Insurance / mo$150.00$150.00$150.00
MI / mo$72.49$72.49$65.70
HOA / mo$0.00$0.00$0.00
Total monthly$767.11$2,451.89$2,501.82
Cash to close$297,370$36,500$36,500